Isn’t it crazy that it’s so easy to inflate real estate prices in Singapore via new launches?

Preface: This post is discussing the inflation of prices with attractive truncated payment schemes and leverage for new launches. You can disagree that this inflated prices, sure. But it’s obvious to me that it inflates prices. That’s the reason why resale condo prices have stalled vs new launches. ———————————————————————— Looking at the Springleaf sales, im utterly convinced now the new launch market is really just driven by people with excess cash that don’t know how to invest in other asset classes It’s so easy to sell real estate in Singapore - in fact the argument has become so stupid? It’s literally just a brain dead comparison of XX psf vs XX psf in a big circle around an area. Springleaf is literally in the middle of nowhere, somewhere in the middle of Yishun and Sembawang, but got marketed as ‘cheap’ vs Lentor / Thomson. No schools nearby, few eateries, no malls and supermarkets, one mrt, and people are paying these prices. The craziest thing is the agents talking about high rental demand and high yield - I seriously cannot see who is going to rent it…? I recall similar arguments being made about Normanton park + it being a massive development. All I see are a crazy amount of units available for rent lol, probably empty, probably getting worse with new supply in the area I don’t really care that people buy it, it’s just kind of hilarious to me that this is the current situation. With leverage all you need is the down payment amount, and new launches have staggered payments too, which is really absurd. Basically the market can be inflated significantly with very limited capital. I just find it disturbing that a small group of people can distort the market so much, leading to the current situation in the housing market generally. Obviously the only winner in this situation are the banks and agents. The buyers… I hope you find the next sucker to sell to. In the end it is what it is, maybe there are endless suckers lmao If condo prices start to hit 2.8-3k psf on average even in OCR I think there are going to be way worse problems for society, especially if HDB resale prices inflate accordingly. All I can say for the younger generation is, please learn how to do simple math, invest, and hopefully you can get out of this absurd market for your own housing needs.